Articles by Unnati Sharma
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Tax implications of cancellation of shares pursuant to capital reduction
Posted by Unnati Sharma
29 December 2020
17735 Views
As per the Act, capital reduction to the extent of accumulated profits is treated as deemed dividend under section 2(22)(d). Consequently, DDT under section 115-O was paid by the company. Accumulated profits for this purpose shall include all profits of the company upto the date of such distribution or payment whether capitalised or not
Amendment to section 44AB in Budget 2020
Posted by Unnati Sharma
29 December 2020
25144 Views
Section 44AB of the Income Tax Act provides that every person is required to get his accounts audited if his Section 44AB of the Income Tax Act provides that every person is required to get his accounts audited if his
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